Learn about the factors that influence aluminum prices and how the aluminum spot price per ounce is determined by the London Metal Exchange and Commodity Exchange. This article covers supply and demand, global economic conditions, geopolitical events, and technological advancements that impact the aluminum industry.

Aluminum fell to 2,603.70 USD/T on July 11, 2025, down 0.21% from the previous day. Over the past month, Aluminum's price has risen 3.25%, and is up 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on July of 2025.

Learn about the factors that affect the cost of aluminum per gram, from global supply and demand to production costs and metal market fluctuations, and how monitoring economic and political trends can provide insight into future prices.

Learn about the factors that affect the price of aluminum per gram, including market demand and location, and understand why aluminum is a risky investment option due to its volatility.

In 2024, the average market spot price of an aluminum ingot was estimated at 1.3 U.S. dollars per pound. Throughout the indicated period, this was by far the highest spot price for aluminum ingots. The fluctuations in aluminum prices can have far-reaching effects on the economy, influencing costs for products ranging from beverage cans to automotive parts. Production of aluminum
The primary production of aluminum in the United States has experienced fluctuations recently, with an estimated production volume of 750,000 metric tons in 2023. The primary production process involves the melting of alumina into pure aluminum. While the United States is one of the top 10 producers of primary aluminum, China is leading the way in terms of aluminum smelter production, with a production volume of 43 million metric tons in 2023.  Price comparison with other base metals The pricing of materials is influenced by various elements, such as manufacturing techniques, availability, and demand in diverse industries. In 2023, of the various base metals, tin was priced approximately at 14 U.S. dollars per pound and was the highest priced base metal at that time. In contrast, aluminum had the fourth highest price that year.

Learn about the factors that affect the price of aluminum per ounce and the current state of the market. Find out why the pandemic has led to a decline in price, and why the growth in the electric vehicle market is expected to drive up demand and increase the price of aluminum per ounce.

Learn how the price of aluminum per ounce is influenced by factors like government policies, energy costs, and market conditions, and how these affect the global aluminum market.

Learn about the factors that impact the cost of aluminum per ounce, including supply and demand, market conditions, geopolitical aspects, and trade policies. Discover the main industries driving demand for aluminum and the countries dominating its global supply.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

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    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

Learn about the various factors that affect the price per ounce of aluminum, including supply and demand, production costs, geopolitical events, and currency fluctuations, and their impact on the aluminum industry as a whole.

In 2024, the average price of ferrosilicon with 75 percent silicon content came to *** U.S. cents per pound, and silicon metal prices averaged 180 U.S. cents per pound. Silicon alloys and metals are important in various industries. Ferrosilicon is commonly used in ferrous foundries and steel industries, whereas silicon metal is often used for aluminum, aluminum alloys, and the chemical industry. Silicon is also often used for semiconductors in solar panels, computer chips, and as a part of the automotive industry. Silicon facts Pure silicon appears as a blue-grey metallic solid. Silicon is most commonly found paired with oxygen, forming silica. China produces a large percentage of the world’s silicon supply, contributing to about *** million metric tons in 2024. In comparison, Russia – the second largest producer worldwide – produced about ******* metric tons in the same year. U.S. silicon exports and consumption About ****** metric tons of silicon metal and ***** metric tons of ferrosilicon were exported from the United States in 2023. Meanwhile, consumption of silicon in the North American country averaged roughly ******* metric tons in recent years. Silicon is a diverse element, accounting for about 30 percent of the Earth’s crust and is one of the most abundant elements. Its versatility affords great use from the industrial sector. It is commonly used in the electronics industry, as part of cylinder heads or machine tools. It is also used in the commercial sector, for example, as an oil in cosmetics and hair conditioners.

The United States metal cans industry, valued at $20.73 billion in 2025, is projected to experience steady growth, driven by a compound annual growth rate (CAGR) of 3.13% from 2025 to 2033. This growth is fueled by several key factors. The increasing demand for convenient and shelf-stable food and beverage products is a significant driver, particularly within segments like canned fruits, vegetables, pet food, and ready-to-drink beverages. The rising popularity of sustainable packaging solutions, with metal cans being highly recyclable and reusable, also contributes positively to market expansion. Furthermore, advancements in can manufacturing technologies, leading to improved efficiency and cost-effectiveness, are enhancing the competitiveness of metal cans against alternative packaging materials. However, fluctuations in raw material prices (aluminum and steel) pose a potential restraint on industry growth. Furthermore, the increasing adoption of alternative packaging options, such as flexible pouches and glass containers, in certain niche segments, could moderately impact market share. The segmentation reveals a diverse market, with aluminum and steel being dominant materials. The food segment holds a significant share, encompassing a wide range of products. Aerosols and beverages are other notable segments, showing growth potential in categories like personal care, pharmaceuticals, and alcoholic and non-alcoholic drinks. Major players like Crown Holdings Inc., Ball Corporation, and Silgan Holdings Inc. dominate the competitive landscape, leveraging their established manufacturing capabilities and distribution networks. The forecast for the US metal cans industry shows continued expansion, driven by consistent consumer demand and the inherent advantages of metal cans in terms of preservation, recyclability, and brand appeal. Growth is likely to be particularly strong in segments experiencing higher consumer demand such as convenient meal solutions and ready-to-drink beverages. However, careful management of raw material costs and strategic adaptation to emerging trends in sustainable packaging will be crucial for industry players to maintain profitability and competitiveness throughout the forecast period. Further diversification into innovative can designs and specialized coatings catering to specific product needs will present opportunities for market expansion and capturing a larger share in the competitive landscape. The industry’s future success hinges on adapting to changing consumer preferences, technological advancements, and evolving environmental regulations. Recent developments include: January 2023 - Ardagh Metal Packaging (AMP) expanded its extensive product offering for beverage brand customers by launching a new 19. 2 oz.(568ml). This unique can size is expected to drive significant growth in the single-serve channel. This was the first time the company produced a 19. 2 oz. (568 ml) beverage can in the United States. This new product offers an alternative to the more traditional 16 oz. to 24 oz cans. It also supports brands looking to grow in categories such as beer, cider, hard seltzer, and water., January 2023 - Monster Energy reinvigorated its partnership with the seven-time F1 World Champion Lewis Hamilton to launch a new, zero-sugar energy drink. This striking can design was created in collaboration with CANPACK, building on a long-standing relationship between the two brands. Monster typically launches its products in the United States before rolling them out to Europe.. Key drivers for this market are: High Recyclability Rates of Metal Packaging, Convenience and Lower Price offered by Canned Food. Potential restraints include: High Recyclability Rates of Metal Packaging, Convenience and Lower Price offered by Canned Food. Notable trends are: Aluminum to Witness the Growth.

The global modified aluminum alloy wheels market is experiencing robust growth, driven by increasing demand from the automotive industry, particularly in the luxury and performance vehicle segments. The market's appeal stems from the aesthetic enhancements and performance benefits these wheels offer, including improved handling, reduced weight, and enhanced braking. The rising popularity of customized vehicles and aftermarket modifications further fuels this expansion. While precise market sizing data is not provided, considering a plausible CAGR of 8% and estimating a 2025 market value of $5 billion based on general industry knowledge and available data on similar markets (this is a reasonable assumption and not an explicit claim of factual data), the market is projected to reach approximately $8 billion by 2033. This significant growth is expected across various segments, including one-piece, two-piece, and three-piece forged wheels, catering to both ordinary and racing car applications. The market is characterized by a competitive landscape, with established players like OZ SpA, RAYS, BBS, and ENKEI dominating alongside emerging regional manufacturers in China. Geographical distribution reveals significant market presence in North America and Europe, driven by high vehicle ownership and a strong aftermarket culture. However, rapid economic growth in Asia Pacific, particularly in countries like China and India, is creating substantial growth opportunities. While challenges such as raw material price fluctuations and stringent emission regulations pose restraints, the long-term outlook for the modified aluminum alloy wheel market remains positive due to sustained demand for performance upgrades and vehicle personalization. The increasing adoption of lightweight materials in automotive manufacturing will also continue to support market expansion in the coming years. Further research into specific regional market shares and segment breakdowns would yield a more precise market analysis.

Magnesium fell to 17,300 CNY/T on July 14, 2025, down 0.29% from the previous day. Over the past month, Magnesium's price has remained flat, but it is still 7.49% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Magnesium.

Learn about the costs involved in manufacturing aluminum cans, including raw materials, energy, labor, transportation, and overheads, and how these factors impact the final cost per can. Discover the factors that influence manufacturing costs and the estimated range of costs for 12-ounce aluminum cans.